The local court of Darmstadt has opened full insolvency proceedings upon Paperlinx Deutschland and its local parent entity Deutsche Papier Holding, according to Euwid. According to Spicers, former Paperlinx, all attempts to sell its paper merchanting business in Germany were unsuccessful, and the business has continued to trade unprofitably.
Spicers is a paper merchant group with market leading positions in Australia, New Zealand and Asia. The product portfolio includes fine paper and industrial packaging.
